Williams has agreed to sell a majority equity stake into sister company Williams Advanced Engineering. Williams Grand Prix Holdings plc has sold a majority equity stake in Williams Advanced Engineering Limited (WAE) to funds controlled by EMK Capital LLP, an independent private equity firm.The sum was not disclosed. The Williams Group has agreed to divest a majority stake in Williams Advanced Engineering (WAE) to private equity firm, EMK Capital. The Williams' sale covers the use of the flywheel technology for transport applications only, and does not affect the projects that Williams Advanced Engineering, a separate part of Williams, is running in the stationary power sector. It was founded by team owner Sir Frank Williams and automotive engineer Sir Patrick Head.It is still run by Williams. Williams has sold a majority stake in its technology and engineering company, Williams Advanced Engineering, ahead of the 2020 season. Williams Advanced Engineering has operated as … The funds will support and accelerate long term growth in Williams Advanced Engineering including the commercialisation of various technology opportunities Having collaborated with Jaguar Land Rover to design and build the original prototype – taking it from initial concept to dynamic vehicle in just 18 months – the company was then engaged to build a very special run of C-X75s for the big screen. The Williams Group will continue to retain a ‘significant minority’ stake. According to Williams, its KERS offers fuel and emissions savings of up to 30%. Williams Advanced Engineering has a unique relationship with the Jaguar C-X75.
Williams Grand Prix Engineering Limited, currently racing in Formula One as Williams Racing, is a British Formula One motor racing team and constructor. EMK will inject new funds into WAE to accelerate its long term prospects. Williams sells majority stake in Williams Advanced Engineering Williams Grand Prix Holdings agrees for the sale of a majority stake in Williams Advanced Engineering to EMK Capital. Williams Grand Prix Holdings plc has entered into an agreement for the sale of a majority equity stake in Williams Advanced Engineering Limited (WAE) to funds controlled by EMK Capital LLP, an independent private equity firm.. EMK will also invest funds directly into WAE to support and accelerate its long-term growth, including the commercialisation of various technology opportunities.